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Investors & landlords
And about the home office write-off, meals etc that the LLC incurred ?
The LLC acts as the property management company for my own rentals, it is the one receiving the rent payments, paying contractors, paying the business trip to the properties, meals, using my home office, computer, printer, etc.
Since the rentals go in SchE, the LLC itself has no income to put on SchC to write off all these business expenses.
‎January 28, 2022
8:17 AM